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Can we afford Social Security and Medicare for 76 million boomers? (David C. John)

Can we afford Social Security and Medicare for 76 million boomers? (David C. John)

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Published by: National Press Foundation on Apr 08, 2011
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11/14/2013

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The Budget and Entitlements:Time to Take Action
David JohnThe Heritage Foundation
 
F
ederal spending will more than double, drivenby Medicare, Medicaid and Social Secuirty
MedicareMedicaidSocial SecurityOtherNet Interest45-Year HistoricalLevel of Tax Revenue0%5%10%15%20%25%30%35%40%45%50%1975 1985 1995 2005 2015 2025 2035 20450%5%10%15%20%25%30%35%40%45%50%
Total Federal Spending and Tax Revenue as a Percentage of GD
DefenseSource: Calculations based on Congressional Budget Office (CBO) and Medicare and Social Security TrusteesData (discretionary spending held constant).
 
The ´Big Threeµ Entitlements Will GrowDramatically As Nation Ages
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